On Mon, Nov 24, 2008 at 12:55 PM, Mark J. <[EMAIL PROTECTED]> wrote:
>
> ... or maybe
> even ceasing as a broadcast network and going to cable and selling the
> once-license-to-print-money owned-stations (don't laugh there,
> remember that NBC and to a major extent ABC/Disney are out of the
> radio biz):

In the early summer I put James Poniewozik's Time blog in my RSS feed
for a couple of weeks and one of his commenters suggested the
broadcast networks could get a more even playing field by becoming
cable channels. I thought it unworkable at the time, as affiliates are
pumping a lot of money into upgrading their news studios to HDTV, and
they'd hold on to their affiliate agreement contracts at any cost.

Let's put it this way: the networks won't put O&Os on the market now
as nobody would pay anything knowing that the station they'd buy would
have only local news produced there. If the networks tried to breach
their affiliate agreements, those station groups would fight it tooth
and nail. The only scenario which could make it possible is a radical
restructuring of the media parent companies under a bankruptcy.

If that happens, over the air TV becomes PBS, local news, syndicated
programs, and infomercials. I wonder how long that would be viable.

Tom W

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